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<br /> -. �=. .. . -. AI�JUST�I.E 1�'TE RIDER . ' ..,
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<br />.� '� , ` ` ` TfIIS ADNSTABL�RA1E ItIDER is made th3s day of PSattvARY /� � 1998 and is �� . . . .
<br /> ' : incarpaiated into a�d shal1 be deea�ed tn amead and supplement the Martgage.IIeed of Tnut or Security Deed(the"Se�nrity► y c �
<br /> _ . � .f..' I�swm�t")of t�e s�ne date given by the uadasigaed(tbe "Bonuwer")tn secaue Borrower's Adjus�able Rete Note(ihe ,
<br /> ��__ "Piote'�w . . . `.•:� .
<br /> , '�_.--� HOMH PSDSRI�L 3AVZI�TC�S � LOAN A350CIATION OF GRAND ISLFII�ID ' .
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<br /> . (die"I.eadeer")of the sa�ae date and caveriag the pmperty descd6ed'm the Sec�ity Iasuvm�t and tnpted aC - °;,_-
<br /> � ' , ' S08Wi1ZRi3T ` •
<br /> ` . � ` GRAND ISLAND. NSBRASRA 68801 -
<br /> • .. . [Ptvpeity Addrwa] .
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<br /> " � ' TfII.S PIOTE CO1�iTAIN3 PROVLSIOPiS ALLO�VII�Ifs FOR C�ANGES IN MY INTL�RF�P RATE AIYD MY '4 `' ' ,
<br /> �. • _ , ` ;
<br /> + . ��{_
<br /> • NYONiTf�LY PAYN�NT.IINCRF.�l.SF� IN THE INTEBE�T RATE WIi.L 1ZESOLT IN �G�R PAYMEN'i'S. ; .-
<br /> � DECREASES IN TdII�INTERESI'RATE�I.RESULT YN LOWLR PAYtViENT5. . ' . �..�-
<br /> < . �- . .
<br /> � ' ADDIITONAL COVENAN7�. In addirion to dte caveAants and agreements made in the Securiry Instrumeut, ;F�' � i=--
<br /> . Bouowea and LEnder farthea cavenant and agne as follnws: ;� .4"�
<br /> • � � `:� �� .
<br /> �-
<br /> ' ' •�� A.INTERF��RA'FE ANlD MONd'fql.Y PAYMENT CHANGES � . -,
<br /> . ��,�
<br /> . ;,''�• 34�Nate provides for an�! �taest�aLe of 6.540 . °Jo.'Ibe N�provides for c�angcs in the _:., __
<br /> 4 �,; '. uit�strate and the monthlY Pa5'm�ts,as foltow�
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<br /> � 4.INTERF�i'RATE AND MONT�ll.Y PAYN�NT CHANGES " r - - -
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<br /> , ' (A)C68Dge D2t¢S +�4'' i.�:
<br /> ,; �. . � '!'he interest rete I w�l paY may chai�ge on the tust day of �� . 1999 ,aad on that day
<br /> � • � 12Ta month the�eafrer.Fa�h date on ahich my mterest zate conld cl�ange is ca}led a°Ct�ange Dats." --
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<br /> . ��. Beginniag with the fast Change Date,mY inteaest rate w�l be i�ased oa an Index.7he"Index"is: ; �. ' '��
<br /> �ase :•,,,._,_
<br /> : ` ..._..._. � T� WS$FCI,Y AVSRAdE YISLD ON UNITSD STATES TRBASTJRY SECQRITIES ADJQSTSD TO A • . • --
<br /> --. %; CONSTAI3T MATIJRITY OF 1 Y811R. AS MADB AVAZLASLB BX THE PEDER�►I. RESERVS 80ARD. . - =�
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<br /> � > 'Ilie most recent Ind$x 6gure ava�able as of the datc:0 45 days ❑ " �'
<br /> '�=
<br /> .. . � ,. before each Change Date is called the"Cnrrent lndex." _ -
<br /> . . � .... ._'�;�_
<br /> , .;� If the Indea is no ionger availabte,the Note Holder will choose a new mdex t6ai Ls based upon comyarabte infmnaation. :: '-�
<br /> ='�;' , , 'Ilie Note Holder will glve me notice of this choice.
<br /> � . . ; .:� t. (C)Catsalatlnn of Changes _. ' � " . '.
<br /> . � � ;� Before each Change Datc.the Naie Hotdea will catculate my new interest ratcs y�adding cyo to the Current Iudes. ' .
<br /> , � T�o arm orrs xtw� p�:en�age point(s)t ) . .
<br /> . ' • . .'f 'i]ie Note Ho�w�71 then round the result of this addidon to the �Nearest 0 Next Highest �Nent Lowest • . . ,'
<br /> ., . oxa sza� ( .ias %), -
<br /> : � . . �� Sub�ect w the limits smted in Secrion 4(D)below,this rounded amount wU be my aew interest rate nntil the next Change �. : �
<br /> .. Dat�. .
<br /> ` ' � The Note Holder will thea�eteamine the amount of t&e r.�onthly payment that w��td be sufticIent tn repay the unpaid
<br /> , . principal tLat I em eapected W owe at the Change Date in full on the map�rity date at my new�terest rate in substantially ' . . .
<br /> _-, _ equal payments.'Ibe resutt of this ca2culation will be the new amount of my monthlY paymcn� � : .
<br /> '• - . (D)Limits on Interest Rate C�anges •� '• •
<br /> � .. Pleose check app�opriate Boxes;Ijno boa is checked,the�e will be no maumum llmit on changes.) . •�
<br /> � � b(1)'Iheae will be no maximum limit on intearest rate changes. . ' ' .
<br /> •. �(2)'il�e mtcrest�ate I am required w pay at the first Change Date will not be�eaier than e.50 0 % -
<br /> ,. or less than 4.500 %. . �
<br /> [�](3)My interest rate will never be increased or dec�eased on any single Change Date by more than � � � .
<br /> , � TWO PERCSNT pcicentage point(s) ( 2.000 �/o) from the �
<br /> .. . • � rate of int�est 1 have been paying for the preceding period. .
<br /> Q(4)My interest rate will never be grcater than 1 z.50 0 °!o.which is callcd the"Maximum Raie."
<br /> . � THE "MINIMUM RATE" WILL NEVER BE LESS THAN 4.500&.
<br /> - • 1 G1ULT18TATB ADJIfSTABLE RATE RIDEA-Single Family f1l94
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